Common use of Canadian Revolving Loans Clause in Contracts

Canadian Revolving Loans. Subject to the terms and conditions hereof, each Canadian Lender severally agrees, on the terms and conditions hereinafter set forth, to make revolving credit loans ("Canadian Revolving Loans") to the Canadian Borrower, in Canadian Dollars or in U.S. Dollars, from time to time during the Commitment Period in an aggregate principal Dollar Amount at any one time outstanding not to exceed the amount of such Lender's Commitment Percentage of ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), the "Canadian Revolving Committed Amount"); provided that with regard to each individual Canadian Lender the Dollar Amount of such Canadian Lender's pro rata share of Canadian Revolving Loans outstanding plus the Face Amount of Bankers' Acceptances outstanding shall not exceed such Canadian Lender's Commitment Percentage of the Canadian Revolving Committed Amount. During the Commitment Period the Canadian Borrower may use the Canadian Revolving Committed Amount by borrowing, prepaying the Canadian Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof; provided that in no event shall the aggregate Dollar Amount with respect to principal of all Canadian Revolving Loans plus the Face Amount of all Bankers' Acceptances at any one time outstanding exceed the Canadian Revolving Committed Amount.

Canadian Revolving Loans. Subject to the terms and conditions hereofset forth herein, each Canadian Revolving Lender severally agrees, on the terms and conditions hereinafter set forth, agrees to make revolving credit loans ("each such loan, a “Canadian Revolving Loans"Loan”) to the Canadian Borrower, Borrower in Canadian Dollars or in U.S. Dollars, from time to time on any Business Day during the Commitment applicable Availability Period in an aggregate principal Dollar Amount at any one time outstanding amount not to exceed at any time outstanding the amount of such Lender's Commitment Percentage of ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), the "’s Canadian Revolving Committed Amount")Commitment; provided provided, however, that with regard after giving effect to each individual Canadian Lender the Dollar Amount of such Canadian Lender's pro rata share any Borrowing of Canadian Revolving Loans outstanding plus Loans, (i) the Face Amount Total Canadian Revolving Outstandings shall not exceed the Aggregate Canadian Revolving Commitments, (ii) the Total Canadian Revolving Outstandings shall not exceed the Canadian Borrowing Base and (iii) the Canadian Revolving Exposure of Bankers' Acceptances outstanding any Canadian Revolving Lender shall not exceed such Canadian Lender's Commitment Percentage of the ’s Canadian Revolving Committed AmountCommitment. During Within the Commitment Period limits of each Canadian Revolving Lender’s Canadian Revolving Commitment, and subject to the other terms and conditions hereof, the Canadian Borrower may use the Canadian Revolving Committed Amount by borrowingborrow under this Section 2.01, prepaying the prepay under Section 2.05, and reborrow under this Section 2.01. Canadian Revolving Loans in whole Canadian Dollars may be Canadian Prime Rate Loans or in partEurodollar Rate Loans, and reborrowingor a combination thereof, all in accordance with the terms and conditions hereof; as further provided that in no event shall the aggregate Dollar Amount with respect to principal of all Canadian Revolving Loans plus the Face Amount of all Bankers' Acceptances at any one time outstanding exceed the Canadian Revolving Committed Amountherein.

Canadian Revolving Loans. Subject to the terms and conditions hereofset forth herein, each Canadian Revolving Lender severally agrees, on the terms and conditions hereinafter set forth, agrees to make revolving credit loans ("each such loan, a “Canadian Revolving Loans"Loan”) to the Canadian Borrower, Borrower in Canadian Dollars or in U.S. Dollars, from time to time on any Business Day during the Commitment applicable Availability Period in an aggregate principal Dollar Amount at any one time outstanding amount not to exceed at any time outstanding the amount of such Lender's Commitment Percentage of ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), the "’s Canadian Revolving Committed Amount")Commitment; provided provided, however, that with regard after giving effect to each individual Canadian Lender the Dollar Amount of such Canadian Lender's pro rata share any Borrowing of Canadian Revolving Loans outstanding plus Loans, (i) the Face Amount Total Canadian Revolving Outstandings shall not exceed the Aggregate Canadian Revolving Commitments, (ii) the Total Canadian Revolving Outstandings shall not exceed the Canadian Borrowing Base and (iii) the Canadian Revolving Exposure of Bankers' Acceptances outstanding any Canadian Revolving Lender shall not exceed such Canadian Lender's Commitment Percentage of the ’s Canadian Revolving Committed AmountCommitment. During Within the Commitment Period limits of each Canadian Revolving Lender’s Canadian Revolving Commitment, and subject to the other terms and conditions hereof, the Canadian Borrower may use the Canadian Revolving Committed Amount by borrowingborrow under this Section 2.01, prepaying the prepay under Section 2.05, and reborrow under this Section 2.01. Canadian Revolving Loans in whole Canadian Dollars may be Canadian Prime Rate Loans or in partCDOR Rate Loans, and reborrowingor a combination thereof, all in accordance with the terms and conditions hereof; as further provided that in no event shall the aggregate Dollar Amount with respect to principal of all Canadian Revolving Loans plus the Face Amount of all Bankers' Acceptances at any one time outstanding exceed the Canadian Revolving Committed Amountherein.

Canadian Revolving Loans. Subject to the terms and conditions hereofset forth herein, each Canadian Lender severally agrees, on the terms and conditions hereinafter set forth, agrees to make revolving credit loans ("each such loan, a “Canadian Revolving Loans"Loan”) to the Canadian Borrower, Borrower in Canadian Dollars or in U.S. Dollars, Dollars from time to time time, on any Business Day during the Commitment Period Canadian Availability Period, in an aggregate principal Dollar Amount at any one time outstanding amount not to exceed at any time outstanding the amount of such Canadian Lender's Commitment Percentage of ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), the "’s Canadian Revolving Committed Amount")Commitment; provided provided, however, that with regard after giving effect to each individual any Canadian Lender Revolving Borrowing, (i) the Dollar Total Canadian Revolving Outstandings shall not exceed the Aggregate Canadian Revolving Commitments and (ii) the aggregate Outstanding Amount of such Canadian Lender's pro rata share of Canadian Revolving Loans outstanding of any Canadian Lender, plus such Canadian Lender’s Applicable Percentage of the Face Outstanding Amount of Bankers' Acceptances outstanding all Canadian L/C Obligations shall not exceed such Canadian Lender's Commitment Percentage of the ’s Canadian Revolving Committed AmountCommitment. During Within the Commitment Period limits of each Canadian Lender’s Canadian Revolving Commitment, and subject to the other terms and conditions hereof, the Canadian Borrower may use the Canadian Revolving Committed Amount by borrowingborrow under this Section 2.01, prepaying the prepay under Section 2.04, and reborrow under this Section 2.01. Canadian Revolving Loans in whole may be Base Rate Loans or in partEurodollar Rate Loans, and reborrowingas further provided herein; provided, however, all in accordance with the terms and conditions hereof; provided that in no event shall the aggregate Dollar Amount with respect to principal Borrowings of all Canadian Revolving Loans plus made on the Face Amount of all Bankers' Acceptances at any one time outstanding exceed the Canadian Revolving Committed AmountClosing Date shall be made as Base Rate Loans.

Canadian Revolving Loans. (a) Subject to the terms and conditions hereofhereof and to the specific provisions set forth on Schedule 2.05 hereto, each the Canadian Revolving Lender severally agrees, on the terms and conditions hereinafter set forth, agrees to make revolving loans or other extensions of credit loans to the Canadian Borrower denominated in Dollars or Canadian Dollars (each such loan or extension of credit, a "Canadian Revolving LoansLoan") to the Canadian Borrower, in Canadian Dollars or in U.S. Dollars, from time to time during prior to the Commitment Period Termination Date, in an aggregate principal Dollar Effective Amount at any one time outstanding not to exceed the amount of Canadian Subsidiary Loan Sublimit; provided, however, that, after giving effect to any such Lender's Commitment Percentage of ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), the "Canadian Revolving Committed Amount"); provided that with regard to each individual Canadian Lender Loans (exclusive of the Dollar Effective Amount of such Canadian Lender's pro rata share of Canadian Revolving Loans outstanding plus which are repaid with the Face proceeds of, and simultaneously with the incurrence of, the respective incurrence of Canadian Revolving Loans), the Effective Amount of Bankers' Acceptances all outstanding Loans and the Effective Amount of all L/C Obligations shall not at any time exceed the combined Available Commitments of the Revolving Lenders. (i) If any Event of Default under Section 9.01(a), 9.01(f) or 9.01(g) shall occur and be continuing, the Canadian Revolving Lender may, in its sole and absolute discretion, direct that the Canadian Revolving Loans owing to it be refunded by delivering a notice (with such detail as the Agent shall request, a "Notice of Canadian Lender's Commitment Percentage Revolving Loan Refunding") to the Agent. Upon receipt of such notice, the Agent shall (A) promptly give notice of the contents thereof to the Revolving Lenders and, unless an Event of Default described in Section 9.01(f) or 9.01(g) shall have occurred, to each Borrower and (B) calculate the Dollar Equivalent Amount of the aggregate principal amount of the Canadian Revolving Committed Loans outstanding as of the date the Agent received such Notice of Canadian Revolving Loan Refunding (the "Dollar Refunding Amount"). During Each such Notice of Canadian Revolving Loan Refunding shall be deemed to constitute delivery of a notice to the Commitment Period Agent requesting each Revolving Lender to purchase an undivided participating interest in the outstanding Canadian Borrower may use Revolving Loans whereupon each Revolving Lender shall purchase an undivided participating interest in the outstanding Canadian Revolving Loans in a Dollar Equivalent Amount equal to such Revolving Lender's Pro Rata Share of the aggregate principal amount of such Canadian Revolving Loans. Each Revolving Lender shall immediately transfer to the Canadian Revolving Committed Amount by borrowingLender, prepaying in immediately available funds, the amount of its participation. From and after the date of any such purchase of any participating interests, the Agent will act as Collateral Agent in respect of the Collateral securing the Canadian Revolving Loans in whole or in part, and reborrowing, all in accordance with for the terms and conditions hereof; provided that in no event shall the aggregate Dollar Amount with respect to principal benefit of all Canadian Revolving Loans plus the Face Amount of all Bankers' Acceptances at any one time outstanding exceed the Canadian Revolving Committed Amounteach Lender who has purchased such a participating interest.

Canadian Revolving Loans. Subject to the terms and conditions hereofset forth herein, each Canadian Revolving Lender severally agrees, on the terms and conditions hereinafter set forth, agrees to make revolving credit loans ("each such loan, a “Canadian Revolving Loans"Loan”) to the Canadian Borrower, Borrower in Canadian Dollars or in U.S. Dollars, from time to time on any Business Day during the Commitment applicable Availability Period in an aggregate principal Dollar Amount at any one time outstanding amount not to exceed at any time outstanding the amount of such Lender's Commitment Percentage of ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), the "’s Canadian Revolving Committed Amount")Commitment; provided provided, however, that with regard after giving effect to each individual Canadian Lender the Dollar Amount of such Canadian Lender's pro rata share any Borrowing of Canadian Revolving Loans outstanding plus Loans, (i) the Face Amount Total Canadian Revolving Outstandings shall not exceed the Aggregate Canadian Revolving Commitments, (ii) the Total Canadian Revolving Outstandings shall not exceed the Canadian Borrowing Base and (iii) the Canadian Revolving Exposure of Bankers' Acceptances outstanding any Canadian Revolving Lender shall not exceed such Canadian Lender's Commitment Percentage of the ’s Canadian Revolving Committed AmountCommitment. During Within the Commitment Period limits of each Canadian Revolving Lender’s Canadian Revolving Commitment, and subject to the other terms and conditions hereof, the Canadian Borrower may use the Canadian Revolving Committed Amount by borrowingborrow under this Section 2.01, prepaying the prepay under Section 2.05, and reborrow under this Section 2.01. Canadian Revolving Loans in whole Canadian Dollars may be Canadian Prime Rate Loans or in partTerm CORRA Loans, and reborrowingor a combination thereof, all in accordance with the terms and conditions hereof; as further provided that in no event shall the aggregate Dollar Amount with respect to principal of all Canadian Revolving Loans plus the Face Amount of all Bankers' Acceptances at any one time outstanding exceed the Canadian Revolving Committed Amountherein.

Canadian Revolving Loans. Subject to the terms and conditions hereofset forth herein, each Canadian Revolving Lender severally agrees, on the terms severally and conditions hereinafter set forthnot jointly, to make revolving credit loans ("Canadian Revolving Loans") Loans to the Canadian Borrower, in Canadian Dollars or in U.S. Dollars, Borrower from time to time during the Commitment Availability Period in an aggregate principal Dollar Amount amount that will not result in (i) such Canadian Revolving Lender’s Canadian Revolving Exposure exceeding such Canadian Revolving Lender’s Canadian Commitment at such time, (ii) the total Canadian Revolving Exposures exceeding the lesser of (x) the sum of the total Canadian Commitments and (y) the Canadian Borrowing Base (subject to the Agent’s authority, in its sole discretion, to make Canadian Protective Advances and Canadian Overadvances pursuant to the terms of Section 2.04) at such time, or (iii) at any one time outstanding not to exceed on or after the Initial Increase Effective Date when the aggregate principal amount of Loans that are outstanding (or will be outstanding after giving effect to such Lender's Commitment Percentage of ONE HUNDRED MILLION DOLLARS Canadian Revolving Loan) is ($100,000,000or will be) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I)greater than the Permitted ABL Amount, the "Canadian Revolving Committed Amount"); provided that with regard to each individual Canadian Lender the Dollar Amount of such Canadian Lender's pro rata share of Canadian Revolving Loans outstanding plus the Face Amount of Bankers' Acceptances outstanding shall not exceed such Canadian Lender's Commitment Percentage Total Exposure (including Protective Advances) exceeding 90% of the Canadian Revolving Committed AmountTLB Borrowing Base. During Within the Commitment Period foregoing limits and subject to the terms and conditions set forth herein, the Canadian Borrower may use the borrow, repay and reborrow Canadian Revolving Committed Amount by borrowing, prepaying the Loans. Each Canadian Revolving Loans Loan shall be funded and repaid in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof; provided that in no event shall the aggregate Dollar Amount with respect to principal of all Canadian Revolving Loans plus the Face Amount of all Bankers' Acceptances at any one time outstanding exceed the Canadian Revolving Committed AmountDollars.

Canadian Revolving Loans. Subject to the terms and conditions hereofset forth herein, each Canadian Revolving Lender severally agrees, on the terms and conditions hereinafter set forth, agrees to make revolving credit loans (each such loan, a "Canadian Revolving LoansLoan") to the Canadian Borrower, Borrower in Canadian Dollars or in U.S. Dollars, Dollars from time to time time, on any Business Day during the Commitment Period Canadian Availability Period, in an aggregate principal Dollar Amount at any one time outstanding amount not to exceed at any time outstanding the amount of such Canadian Revolving Lender's Commitment Percentage of ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), the "Canadian Revolving Committed Amount")Commitment; provided provided, however, that with regard after giving effect to each individual any Canadian Lender Revolving Borrowing, (i) the Dollar Total Canadian Revolving Outstandings shall not exceed the Canadian Facility, (ii) the aggregate Outstanding Amount of such Canadian Lender's pro rata share of Canadian Revolving Loans outstanding plus the Face Amount of Bankers' Acceptances outstanding any Canadian Revolving [Published CUSIP Number: ____] Lender shall not exceed such Canadian Revolving Lender's Commitment Percentage of the Canadian Revolving Committed AmountCommitment and (iii) the Total Revolving Credit Outstandings shall not exceed the Revolving Facility. During Within the Commitment Period limits of each Canadian Revolving Lender's Canadian Revolving Commitment, and subject to the other terms and conditions hereof, the Canadian Borrower may use the borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Canadian Revolving Committed Amount by borrowingLoans may be Base Rate Loans, prepaying Eurocurrency Rate Loans or CDOR Rate Loans, as further provided herein; provided, however, all Borrowings of Canadian Revolving Loans made on the Closing Date shall be made as Base Rate Loans. Notwithstanding any provision herein to the contrary, (A) Canadian Revolving Loans shall be denominated only in Canadian Dollars and U.S. Dollars and (B) all CDOR Rate Loans shall be denominated in Canadian Dollars. The Canadian Revolving Lenders will make the Canadian Revolving Loans in whole or in part, and reborrowing, all pursuant to this Section 2.01 in accordance with the terms and conditions hereof; provided that in no event shall the aggregate Dollar Amount with respect to principal Part III of all Canadian Revolving Loans plus the Face Amount of all Bankers' Acceptances at any one time outstanding exceed the Canadian Revolving Committed AmountSchedule 2.01.

Canadian Revolving Loans. Subject to the terms and conditions hereof, each Each Canadian Revolving Lender severally agrees, on the terms and conditions hereinafter set forthforth in this Agreement, to make revolving credit loans ("Canadian Revolving Loans") to the Canadian Borrower, Loans denominated either in Canadian Dollars or in U.S. Dollars, Dollars to the Parent Borrower pursuant to this SECTION 2.01(a)(ii) from time to time during the Commitment Availability Period in an amounts such that its Canadian Revolving Outstandings shall not exceed (after giving effect to all Canadian Revolving Loans repaid, all reimbursements of Canadian LC Disbursements made, all Canadian Swingline Loans that are Refunded Swingline Loans paid and Bankers' Acceptances made concurrently with the making of any Canadian Revolving Loans) its Canadian Revolving Commitment; PROVIDED that, immediately after giving effect to each such Revolving Loan, (A) the aggregate principal Canadian Revolving Outstandings shall not exceed the Canadian Revolving Committed Amount and (B) with respect to each Canadian Revolving Lender individually, the U.S. Dollar Amount at any one time outstanding not to exceed the amount of such Lender's Commitment Percentage of ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), the "outstanding Canadian Revolving Committed Amount"); provided that with regard to each individual Canadian Lender Loans plus the aggregate undiscounted U.S. Dollar Amount of such Canadian Lender's pro rata share of Canadian Revolving Loans all outstanding plus the Face Amount of Bankers' Acceptances accepted by it plus (other than the Canadian Swingline Lender's in its capacity as such) the U.S. Dollar Amount of Participation Interests in outstanding Canadian Swingline Loans plus the U.S. Dollar Amount of its Participation Interests in outstanding Canadian LC Obligations shall not exceed such Canadian Lender's Canadian Revolving Commitment Percentage of the Canadian Revolving Committed Amount. During Each Canadian Revolving Borrowing shall be in an aggregate principal amount of C$5,000,000 or any larger multiple of C$1,000,000, in the Commitment Period case of C$ Prime Loans, and US$5,000,000 or any larger multiple of US$1,000,000, in the case of U.S. Dollar-Denominated Loans (except in each case that any such Borrowing may be in the aggregate amount of the unused Canadian Revolving Commitments), shall be made and maintained as C$ Prime Loans, Base Rate Loans or Eurodollar Loans, as provided in this Agreement, and shall be made from the several Canadian Revolving Lenders ratably in proportion to their respective Canadian Revolving Commitments. Within the foregoing limits, the Parent Borrower may use borrow under this SECTION 2.01(a)(ii), repay, or, to the Canadian Revolving Committed Amount extent permitted by borrowingSECTION 2.10, prepaying the prepay, Canadian Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof; provided that in no event shall the aggregate Dollar Amount with respect to principal of all Canadian Revolving Loans plus the Face Amount of all Bankers' Acceptances at any one time outstanding exceed the Canadian Revolving Committed Amountreborrow under this SECTION 2.01(a)(ii).